The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Hougang Avenue 10/ Hougang Central for sale by public tender on 29 May 2025.

2 The details of the land parcel are as follows:

Proposed Development	Mixed Use development comprising a Commercial and Residential development integrated with a Bus Interchange
Location	Hougang Avenue 10/ Hougang Central
Site Area	46,899.4 sq m
Maximum GFA	118,268 sq m
Maximum Building Height	64m Singapore Height Datum (SHD)
Estimated No. of Housing Units	835*
Lease Term	99
Project Completion Period	84 months from the date of acceptance of tender

*Actual number of housing units proposed by developer may vary.

3 The tender closed at 12pm today. The details of the provisional tender results are below:

S/N	Name of Tenderer	Tender Price ($)	$psm/GFA ($)
1	Horizon Residential Pte. Ltd. and Horizon Commercial Trustee Pte. Ltd. (as trustee of Horizon Commercial Trust)	$1,500,738,338	$12,689.30
2	Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd	$1,470,500,000	$12,433.63
3	Phoenix Property 1 Pte. Ltd. and Phoenix Property 2 Pte. Ltd. (as trustee-manager of Phoenix Mall Trust)	$1,400,969,888	$11,845.72

Provisional Tender Results for Land Parcel at Hougang Avenue 10/ Hougang Central for Mixed Commercial and Residential Development